TINUBU-LED FG LAUNCHES REVOLUTIONARY AUTO LOAN SCHEME

In a bold move to boost Nigeria's automotive industry, the Tinubu-led Federal Government has unveiled the Renewed Hope Automobiles Credit Fund. This innovative initiative offers single-digit loans to Nigerians, enabling them to purchase locally manufactured or assembled vehicles from accredited companies.

The accredited auto companies participating in this scheme include:

- Nordmotion

- DangotePeugeot

- PanNigeriaLtd

- Innosonvehicles

- GeelyNigeria

- Jet Motor Company

This groundbreaking program aims to promote the local automotive industry, making it easier for Nigerians to own vehicles. The single-digit loan scheme is a significant departure from the traditional high-interest rates that have hindered many from purchasing vehicles.

According to President Tinubu, this initiative is part of his administration's efforts to provide consumer credits for Nigerians to purchase cars. The Nigerian Consumer Credit Corporation (CREDICORP) will facilitate the program, providing citizens with access to affordable credit options.

For more details on the Renewed Hope Automobiles Credit Fund, visit here. This revolutionary program is poised to transform Nigeria's automotive landscape, empowering citizens and driving economic growth